Armed Forces Bank in Washington vs the state
9.9%Denial rate-5.79 pts vs state
13.2%Decision denial rate-6.33 pts vs state
63.4%Origination rate+2.32 pts vs state
6.13%Median rate-0.50 pts vs state
-0.37Rate spread (pts)-0.56 pts vs state
$146kMedian applicant income
45Loans originated
7Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 43 | 26 | 11.6% | 6.06% | #299 |
| 2024 | 65 | 35 | 23.1% | 6.25% | #261 |
| 2025 | 71 | 45 | 9.9% | 6.13% | #272 |
What Armed Forces Bank lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most Armed Forces Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Pierce County | 20 | 14 | 2 | 10.0% |
| Thurston County | 15 | 9 | 2 | 13.3% |
| Snohomish County | 5 | 4 | 0 | 0.0% |
| Kitsap County | 5 | 3 | 0 | 0.0% |
| Spokane County | 5 | 2 | 1 | 20.0% |
| King County | 4 | 2 | 0 | 0.0% |
| Benton County | 3 | 2 | 0 | 0.0% |
| Clark County | 2 | 2 | 0 | 0.0% |
| Clallam County | 2 | 2 | 0 | 0.0% |
| Lewis County | 2 | 2 | 0 | 0.0% |
Other large lenders in Washington
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Boeing Employees Credit Union | B | 21,599 | 23.8% | 6.13% |
| Rocket Mortgage | C | 14,301 | 15.9% | 6.63% |
| United Shore Financial Services | B | 13,770 | 10.0% | 6.13% |
| Guild Mortgage | A | 8,056 | 3.4% | 6.63% |
| CMG Mortgage | A | 7,817 | 3.1% | 6.63% |
| Movement Mortgage | A | 7,472 | 3.6% | 6.63% |
| Bank of America | F | 6,986 | 27.0% | 5.99% |
| Crosscountry Mortgage | B | 6,903 | 3.1% | 6.63% |
| U.S. Bank | D | 6,568 | 27.6% | 6.63% |
| Newrez | D | 5,849 | 12.9% | 6.63% |
Frequently asked questions
Washington: 71 applications in 2025, of which 45 were originated and 7 denied.
9.9% of all applications, or 13.2% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans Armed Forces Bank originated in Washington in 2025 was 6.13%, against a statewide median of 6.63%.
About this data. Figures are Armed Forces Bank's own HMDA filing for properties located in Washington, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology